Python Program for compound interest
Compound Interest formula:
Formula to calculate compound interest annually is given by:
Compound Interest = P(1 + R/100)r
Where,
P is principle amount
R is the rate and
T is the time span
Example:
Input : Principle (amount): 1200
Time: 2
Rate: 5.4
Output : Compound Interest = 1333.099243
Python3
# Python3 program to find compound # interest for given values. def compound_interest(principle, rate, time): # Calculates compound interest CI = principle * (pow((1 + rate / 100), time)) print("Compound interest is", CI) # Driver Code compound_interest(10000, 10.25, 5) # This code is contributed by Abhishek Agrawal. |